The International Monetary Fund has a "quasicurrency" called
a. the Special Drawing Right.
b. the Voluntary Export Restraint.
c. the Monetary Trilemma.
d. the Euro Dollar.
a. the Special Drawing Right.
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Policymakers have the ability to affect:
A. the economic incidence of a tax burden on the buyer and seller. B. the relative economic incidence of the tax burden on the rich and the poor. C. whether the buyer or seller will bear the actual burden of the tax. D. how the tax is shared between buyer and seller.
An improvement in technology will tend to cause a society's production possibilities curve to shift outward
a. True b. False Indicate whether the statement is true or false
The wage rate is
A. Not related to labor supply because people must work to survive. B. The payment for labor. C. Not related to the value of leisure because people need to relax. D. The opportunity cost of labor.
Product differences are ___________ physical.
Fill in the blank(s) with the appropriate word(s).